No. 28/14/DKom
The International Monetary Fund (IMF) assessed that Indonesia's economy continues to maintain solid growth despite a challenging external environment, underpinned by controlled inflation remaining comfortably in the target range and a resilient financial sector. This is supported by a solid policy framework, maintained macroeconomic stability as well as strong commitment to inclusive growth and sustainable development. The authorities' commitment to prudent fiscal and monetary policy, targeted structural reforms and strengthening policy synergy serve as the main foundations of economic resilience in Indonesia. Bank Indonesia welcomes the findings of the latest IMF assessment of the Indonesian economy, as stated in the Article IV Consultation Report 2025, released on 21st January 2026 via the official IMF website.
The IMF Board of Directors expressed its views on a number of key points concerning the policies implemented by the Indonesian authorities. First, the IMF praised Indonesia's success in terms of maintaining inflation comfortably in the target corridor, noting that further monetary policy easing through 2025 was required to support economic growth. Second, the IMF appreciated the progress of financial market deepening efforts as well as strengthening the effectiveness of monetary policy transmission. Third, financial sector resilience was considered to remain resilient, underpinned by a stronger regulatory and supervisory framework as well as financial sector development. Fourth, from a fiscal perspective, the IMF highlighted the authorities' commitment to implementing careful fiscal management, supported by credible fiscal rules. Fifth, the IMF commended Indonesia's structural reform agenda, or Golden Vision, of becoming a high-income country by 2045.
In its report, the IMF projected solid economic growth in Indonesia at 5.0% in 2025 and 5.1% in 2026. Nevertheless, the IMF also highlighted several external risks tilted to the downside, including shocks triggered by global trade tensions, dynamic global economic uncertainty as well as global financial market volatility. The IMF, therefore, recommended the implementation of data-dependent monetary and exchange rate policies to maintain stability, the gradual normalisation of accommodative macroprudential policies as credit recovers, as well as faster structural reforms to strengthen governance, trade integration and the investment climate for sustainable long-term growth in support of the vision of Golden Indonesia 2045.
The IMF's positive projection aligns with Bank Indonesia's own assessment of solid economic growth persisting in Indonesia, supported by accelerating structural reforms. In synergy with the Government and other relevant authorities, Bank Indonesia will continue to strengthen fiscal and monetary policy coordination, maintain macroeconomic and financial system stability, accelerate strategic structural reforms, and enhance policy coordination as the foundation for sustainable and faster economic growth.
Jakarta, 22nd January 2026
Communication Department
Ramdan Denny Prakoso
Executive Director
